Tanishq expects a good festive season but remains watchful on rural demand

In an interview with The Economic Times, Tanishq CEO Arun Narayan said he expects a good festive season despite high gold prices. He said more than half of store transactions involve some form of gold exchange, while demand for coins and investment purchases has tapered off. Sales in smaller towns have remained steady so far, he said, but Tanishq is watching for signs of a rural slowdown.